Sierra Sea 2C(2) launches final 153 flats Sunday
SingTao · 4 SOURCES1 day ago2 MIN
Summary
Sun Hung Kai Properties' Sierra Sea Phase 2C(2) in Sai Sha moved quickly from a sold-out first round to a sold-out second round, prompting the developer to release a final 88 units and schedule a third price-list sale of 153 flats for Sunday, 25 October. The second round on Wednesday, 21 October offered 128 flats by price list, after the project had drawn 27,131 subscription registrations, more than 210 times oversubscribed. Alongside the mass-market sales, the developer continued to place selected special units by tender, with recent transactions ranging from about HK$8.018 million to about HK$15.416 million and per-square-foot prices above HK$20,000 in some cases. Management said most of the newly added units were released at unchanged prices, with only a small number marked up by 1% to 2%.
Key Points
- On 19 October, the developer confirmed a second-round launch of 128 price-list flats plus 24 tender units, with an average discounted price of HK$14,682 per square foot
- The 128 flats in the second round were priced from HK$5.4672 million to HK$9.8668 million after discounts, or HK$12,714 to HK$15,821 per square foot
- By the close of registration on 20 October, the project had received 27,131 subscription registrations, including 408 agent registrations, representing oversubscription of more than 210 times
- After the second round sold out on 21 October, Sun Hung Kai added a final 88 flats at an average discounted HK$15,188 per square foot, mostly unchanged in price.
- The third round on Sunday, 25 October will offer all remaining 153 price-list flats, including 105 two-bedroom and 48 three-bedroom units, with 76 reserved for Group A sales.
Why It Matters
For Hong Kong homebuyers, the pace of sell-through and repeated same-week launches suggest developers still see deep end-user and investor demand when pricing stays close to or below nearby secondary-market levels. For the broader primary market, Sierra Sea's strong registration numbers and rapid sell-outs give a fresh test of how far developers can keep moving stock while making only limited price increases.